SCP sees ‘sweet spot’ for West Africa explorers
New West African gold explorers are advancing projects as they aim to capitalize on high prices and growing interest from mid-tier producers, SCP Resource Finance says in a new report….
Africa
Global mining deaths rise for second straight year
Fatalities in the global mining industry rose for a second consecutive year in 2024, the International Council on Mining and Metals (ICMM) said in its latest annual safety report. ICMM’s…
Mali to sell Barrick’s gold: Reuters
The court-appointed administrator of Barrick Mining’s (TSX: ABX; NYSE: B) Loulo-Gounkoto complex in Mali is planning to sell a tonne of the site’s gold to pay for restarting the mine,…
Ivanhoe sees $70M Kakula mine dewatering cost
Ivanhoe Mines (TSX: IVN; US-OTC: IVPAF) said it expects the dewatering of its Kakula mine in the Democratic Republic of Congo to cost as much as $70 million (C$96 million). Production…
Royal Gold to buy Sandstorm, Horizon for $3.7B
Royal Gold (Nasdaq: RGLD) is acquiring Canadian streaming and royalty firms Sandstorm Gold (TSX: SSL; NYSE: SAND) and Horizon Copper (TSXV: HCU) in deals worth a combined $3.7 billion (C$5.04…
China’s mining investment sets new record
China’s overseas mining investment has soared to its highest level in over a decade, driven by Beijing’s push to secure critical raw materials amid rising geopolitical tensions. There were 10…
Aya discovers new gold-copper zone at Morocco site
Canadian miner Aya Gold & Silver (TSX: AYA; US-OTC: AYASF) cut a highlight result of 9 metres grading 80 grams silver per tonne at its Boumadine project in Morocco and said it…
DRC’s Kibali gold mine life could grow, Barrick says
Barrick Mining (NYSE: B) says new drilling along the ARK-KCD corridor at its main Kibali mine in the Democratic Republic of Congo (DRC) confirms “significant additional orebodies” that could stretch…
CMOC’s IXM cites force majeure on cobalt deliveries
IXM, a metals trading unit of CMOC Group, a partially Chinese state-owned entity, has declared force majeure on its cobalt supply contracts due to an ongoing export ban in the…
NexMetals rises on strong copper-nickel hits
NexMetals Mining (TSXV: NEXM; US-OTC: PRMLD), fresh off its name change from Premium Resources, reported drill results as high as 13.5 metres grading 1.13% copper and 1.25% nickel at its…
Mali to restart production at Barrick’s Loulo‑Gounkoto
Mali’s government plans to restart operations at Barrick Mining’s (TSX: ABX; NYSE: B) Loulo‑Gounkoto gold complex under a court-appointed temporary administrator after seizing control earlier this month, according to a…
PDAC JV Video: Namib Minerals preps to reopen gold mines in Zimbabwe
Namib Minerals is working to expand and restart three gold mines in Zimbabwe to help fund its critical mineral ambitions in the Democratic Republic of Congo (DRC), CEO Ibrahima Tall…